An example of an item that should be reported as a prior period adjustment is the
a. collection of previously written off accounts receivable.
b. payment of taxes resulting from examination of prior years' income tax returns.
c. correction of an error in financial statements of a prior year.
d. receipt of insurance proceeds for damage to a building sustained in a prior year.
C
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A ________ identifies the topic of an illustration; however, an ________ calls attention to the conclusion that should be drawn by the data in the illustration
A) descriptive title; informative title B) decorative sidebar; integrated title C) descriptive heading; informative subheading D) descriptive legend; informational caption E) declarative caption; informational legend
3PL is associated with ______.
a. improving the efficiency of product flows b. requiring the manufacturer to focus on its core competencies c. improving the quality of manufactured products d. the service industry only
A risk for a small firm creating a strategic alliance with a larger company is:
A. not being able to keep up with the fast speed of a large company. B. not having enough creative talent to join forces effectively. C. being squeezed financially. D. being too rigid for a large company's standards.
Capital outlay expenditures of a capital projects fund result in additions to the general fixed assets reported in the government-wide Statement of Net Position.
Answer the following statement true (T) or false (F)